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Days on the Market 1-1-14 to 12-24-14 compared to last year for Goleta South

Submitted by Gary Woods on Sun, 01/04/2015 - 13:30

For Home Estate PUDs in the Goleta Real Estate South area of Santa Barbara Real Estate from 1-1-14 to 12-24-14 there have been 80 sales this year compared to 135 last year and the median sales price has gone up from $740,000 last year to $750,000 this year but the average sales price has gone down from $907,325 last year to $854,124 this year. Those 80 sales took on average 34 days to get an accepted offer and when you add in another 36 days of average escrow time you get a total average marketing time of 70 days.

For Condominiums for Goleta Real Estate South for the same time period there have been 96 sales this year compared to 69 last year. The median sales price has gone up from $445,000 to $544,250. The average sales price has also gone up from $453,789 to $586,356. Those 96 sales on average took 35 days to get an accepted offer and when you add in another 36 days of average escrow time you get a total marketing time of 71 days.